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REGISTERED NUMBER: 08244305 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Spedan Limited

Spedan Limited (Registered number: 08244305)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Spedan Limited (Registered number: 08244305)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,364 1,705

CURRENT ASSETS
Debtors 5 89,248 87,391
Cash at bank and in hand 59,389 69,042
148,637 156,433
CREDITORS
Amounts falling due within one year 6 78,122 69,787
NET CURRENT ASSETS 70,515 86,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,879

88,351

PROVISIONS FOR LIABILITIES 259 324
NET ASSETS 71,620 88,027

CAPITAL AND RESERVES
Called up share capital 18 18
Retained earnings 71,602 88,009
SHAREHOLDERS' FUNDS 71,620 88,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Spedan Limited (Registered number: 08244305)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





Dr A J Faiers - Director


Spedan Limited (Registered number: 08244305)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Spedan Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08244305

Registered office: Suite 14-3, Linford Forum
18 Rockingham Dr
Linford Wood
Milton Keynes
MK14 6LY

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Spedan Limited (Registered number: 08244305)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 3,220
DEPRECIATION
At 1 November 2022 1,515
Charge for year 341
At 31 October 2023 1,856
NET BOOK VALUE
At 31 October 2023 1,364
At 31 October 2022 1,705

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 59,627 60,386
Other debtors 29,621 27,005
89,248 87,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 14,661 99
Taxation and social security 44,196 51,119
Other creditors 19,265 18,569
78,122 69,787

Spedan Limited (Registered number: 08244305)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. RELATED PARTY DISCLOSURES

At the end of the year the company was owed £28,149 from a company controlled by the same directors. This is an arms length transaction